Friday, July 30, 2010

Centerra Gold (TSE:CG) Paying First Dividend in its History

With attention being fixated on gold and gold mining companies, a number of firms have made changes to attract investors and gravitate toward being run like a company people understand.

Centerra Gold (NYSE:CG) has responded in that regard by announcing their first dividend payout in the history of the company,.

Starting on September 1, shareholders will receive a dividend of 6 Canadian cents a share, payable on September 8.

This comes off a return to profitability by the company, which generated profits of $29.8 million, or 13 cents a share for its latest quarter. That is in contrast to the loss last year of $79.6 million, or 26 cents a share, last year in the same quarter.

That exceeded analysts' expectations of 5 cents a share.

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